Contrary to risk-free investments, the PNO Media investment mix accepts a deliberate risk as the expected return is higher. This higher return is used to finance indexation. Without this higher risk, indexation must be financed through higher contributions. At year-end 2008, the PNO investment mix was as follows:
Key market | | Strategic | Lower limit | Upper limit |
| | | | |
Shares | | 36.00% | 33.50% | 38.50% |
Fixed-interest values | | 39.00% | 36.25% | 41.75% |
Alternative investments | | 25.00% | 23.30% | 26.80% |
Contrary to risk-free investments, the PNO Media investment mix accepts a deliberate risk as the expected return is higher. This higher return is used to finance indexation. Without this higher risk, indexation must be financed through higher contributions. At year-end 2008, the PNO investment mix was as follows:
Key market | | Strategic | Lower limit | Upper limit |
| | | | |
Shares | | 36.00% | 33.50% | 38.50% |
Fixed-interest values | | 39.00% | 36.25% | 41.75% |
Alternative investments | | 25.00% | 23.30% | 26.80% |